Friday, diversified mining company Anglo American plc (AAUK,AAL.L) said it appointed Sir John Parker as Chairman effective August 1, succeeding Sir Mark Moody-Stuart, who will be retiring from the Board after seven years as Chairman. Sir John would join the Board as a non-executive director with immediate effect.
Sir John is Chairman of National Grid plc and is also Joint Chairman of the Mondi Group with Cyril Ramaphosa. As he takes up his position at Anglo American, Sir John would step down from several of his board and other commitments, having recently stepped down as Chair of the Court of the Bank of England.
Earlier, Sir John Parker served as chief excutive officer and chairman of Babcock International. Sir John has also been non-executive Director of British Gas, Chairman of National Grid Transco, Firth Rixson plc and Deputy Chairman of P&O Princess Cruises plc.
Sir Mark Moody-Stuart, the retiring Chairman of Anglo American plc, commented, "Sir John is recognised as a highly experienced and independent chairman, has chaired four FTSE 100 companies and brings a wealth of leadership experience across a range of industries in many countries, including in South Africa."
Commenting on Sir Mark Moody-Stuart's retirement, Cynthia Carroll, Chief Executive of Anglo American plc, said, "Sir Mark Moody-Stuart has led the Group through a period of significant change, introducing a strong stakeholder focus and reinforcing our position as a modern and responsible mining company."
On LSE, AAL.L shares, which have been trading between 906p and 3,074p in the past 52 weeks, are currently trading at 1,651p, up 87.50p or 5.60%. AAUK closed Thursday's trading session at $13.40, up 67 cents or 5.26% on Nasdaq.
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